According to Odaily, analysts at TD Cowen suggest that the Democratic Party may not hold senior positions in the U.S. Securities and Exchange Commission (SEC) next year, potentially paving the way for the Republican Party to establish cryptocurrency-related regulations. The investment bank highlights that an all-Republican commission could facilitate quicker rule-making by Atkins, as there would be no Democratic delays in the process. However, analysts caution that bipartisan cooperation poses risks that could affect future cryptocurrency regulation.
The analysts note that if these rules are perceived as partisan, a Democratic-led SEC might be more inclined to alter them. In contrast, bipartisan rule-making could create a regulatory framework that withstands electoral changes. They believe this would provide policy stability, benefiting crypto trading platforms, token issuers, and the broader cryptocurrency industry. The potential for a stable regulatory environment is seen as advantageous for the growth and development of the crypto sector, as it would offer clearer guidelines and reduce uncertainty for industry participants.